Dave & Buster’s Entertainment (NASDAQ:PLAY) Price Target Lowered to $51.00 at BMO Capital Markets

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its price objective cut by equities research analysts at BMO Capital Markets from $55.00 to $51.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the restaurant operator’s stock. BMO Capital Markets’ price objective would indicate a potential upside of 35.57% from the stock’s current price.

A number of other research firms also recently weighed in on PLAY. Benchmark began coverage on Dave & Buster’s Entertainment in a research note on Monday, October 7th. They set a “hold” rating on the stock. Truist Financial lowered their target price on Dave & Buster’s Entertainment from $59.00 to $56.00 and set a “buy” rating on the stock in a research report on Tuesday. Loop Capital reduced their price target on shares of Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. Finally, StockNews.com downgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $61.57.

Dave & Buster’s Entertainment Price Performance

Dave & Buster’s Entertainment stock opened at $37.62 on Tuesday. The company has a debt-to-equity ratio of 4.54, a quick ratio of 0.14 and a current ratio of 0.24. Dave & Buster’s Entertainment has a 52 week low of $29.31 and a 52 week high of $69.82. The stock has a market capitalization of $1.48 billion, a P/E ratio of 13.73 and a beta of 2.13. The stock has a fifty day moving average of $35.91 and a 200-day moving average of $38.10.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.28. Dave & Buster’s Entertainment had a net margin of 5.10% and a return on equity of 51.75%. The firm had revenue of $557.10 million for the quarter, compared to analyst estimates of $560.65 million. During the same period in the previous year, the firm posted $0.94 EPS. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, sell-side analysts expect that Dave & Buster’s Entertainment will post 2.62 earnings per share for the current fiscal year.

Insider Buying and Selling at Dave & Buster’s Entertainment

In other Dave & Buster’s Entertainment news, CEO Christopher Daniel Morris purchased 14,912 shares of the stock in a transaction on Monday, October 7th. The stock was acquired at an average price of $33.67 per share, with a total value of $502,087.04. Following the transaction, the chief executive officer now directly owns 83,847 shares of the company’s stock, valued at approximately $2,823,128.49. This trade represents a 21.63 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

A number of institutional investors have recently added to or reduced their stakes in PLAY. Kimelman & Baird LLC bought a new position in shares of Dave & Buster’s Entertainment during the second quarter valued at approximately $28,000. Quarry LP purchased a new stake in shares of Dave & Buster’s Entertainment in the 3rd quarter worth approximately $47,000. Point72 Hong Kong Ltd bought a new position in Dave & Buster’s Entertainment during the 3rd quarter valued at approximately $121,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Dave & Buster’s Entertainment during the third quarter valued at $144,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Dave & Buster’s Entertainment by 22,338.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,039 shares of the restaurant operator’s stock worth $161,000 after acquiring an additional 4,021 shares in the last quarter. Institutional investors own 91.45% of the company’s stock.

About Dave & Buster’s Entertainment

Dave & Buster's Entertainment, Inc owns and operates entertainment and dining venues for adults and families. Its venues offer a menu of entrees and appetizers, as well as a selection of non-alcoholic and alcoholic beverages; and an assortment of entertainment attractions centered on playing games and watching live sports, and other televised events.